38.05 F
London
November 22, 2024
PI Global Investments
Finance

Congo and China Talking $7 Billion in Finance, Tshisekedi Says


China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa.

Tshisekedi has been pushing for a restructuring of a 2008 $6.2 billion contract between the countries, which he says has provided little benefit to Congo. The original deal promised $3 billion in infrastructure projects paid for by proceeds from a copper and cobalt mine known as Sicomines.



Source link

Related posts

Provident Financial Services, Inc. (NYSE:PFS) Q4 2023 Earnings Call Transcript

D.William

Amid bankruptcy process, Brazil airline Gol swaps finance chief

D.William

How the UK budget could impact first-time buyers, small businesses and UK economic growth

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.